Common use of Purchase of the Undivided Interest; Payment, Etc Clause in Contracts

Purchase of the Undivided Interest; Payment, Etc. If the Lessee shall have elected or be required to purchase the Undivided Interest and the Real Property Interest pursuant to section 13(b) or 13(c), payment by the Lessee of the purchase price for the Undivided Interest and the Real Property Interest shall be made in immediately available fund., whereupon the Lessor shall Transfer the Undivided Interest and the Real Property Interest to the Lessee.

Appears in 1 contract

Sources: Facility Lease (Public Service Co of New Mexico)

Purchase of the Undivided Interest; Payment, Etc. If the Lessee shall have elected or be required to purchase the Undivided Interest and the Real Property Interest pursuant to section Section 13(b) or 13(c), payment by the Lessee of the purchase price for the Undivided Interest and the Real Property Interest shall be made in immediately available fund.funds, whereupon the Lessor shall Transfer the Undivided Interest and the Real Property Interest to the Lessee.

Appears in 1 contract

Sources: Facility Lease (Public Service Co of New Mexico)

Purchase of the Undivided Interest; Payment, Etc. If the Lessee shall have elected or be required to purchase the Undivided Interest and the Real Property Interest pursuant to section Section 13(b) or 13(c), payment by the Lessee of the purchase price for the Undivided Interest and the Real Property Interest shall be made in immediately available fund.funds, whereupon the Lessor shall Transfer the Undivided Interest and the Real Property Interest to the Lessee.

Appears in 1 contract

Sources: Facility Lease (Public Service Co of New Mexico)